Corinthians granted 5,000 share options to employees at an exercise price of P5 per share. The grant date is January 1, 2021 and the options are subject to a two –year vesting period. The grant date fair value of each option was P40. At December 31, 2021, Corinthians Company modified the grant by extending the vesting period to June 30, 2023. Management expects that the number of options outstanding as of December 31, 2022, the original vesting date, would be 4,500. The actual number of options outstanding at December 31, 2022 was 4,200 of which only 4,000 vested on June 30, 2023. Compensation expense for 2021 – 2023
Corinthians granted 5,000 share options to employees at an exercise price of P5 per share. The grant date is January 1, 2021 and the options are subject to a two –year vesting period. The grant date fair value of each option was P40. At December 31, 2021, Corinthians Company modified the grant by extending the vesting period to June 30, 2023. Management expects that the number of options outstanding as of December 31, 2022, the original vesting date, would be 4,500. The actual number of options outstanding at December 31, 2022 was 4,200 of which only 4,000 vested on June 30, 2023. Compensation expense for 2021 – 2023
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter15: Contributed Capital
Section: Chapter Questions
Problem 7E
Related questions
Question
Corinthians granted 5,000 share options to employees at an exercise price of P5 per share. The
grant date is January 1, 2021 and the options are subject to a two –year vesting period. The grant
date fair value of each option was P40.
At December 31, 2021, Corinthians Company modified the grant by extending the vesting period
to June 30, 2023. Management expects that the number of options outstanding as of December
31, 2022, the original vesting date, would be 4,500.
The actual number of options outstanding at December 31, 2022 was 4,200 of which only 4,000
vested on June 30, 2023.
Compensation expense for 2021 – 2023
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning